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Marcus savings rate up

Arthurian
Posts: 823 Forumite


Previously 1.55%, underlying rate, is going up to 1.75% underlying rate on 18th October. The bonus rate on top of that is 0.25%, making the new rate 2% in total.
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Comments
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Have literally almost emptied my Marcus account earlier this morning as it happens.
Thought they'd increase it by more to be honest, a 0.2% rise isn't going to change much when there's quite a few better options out there now.0 -
Arthurian said:Previously 1.55%, underlying rate, is going up to 1.75% underlying rate on 18th October. The bonus rate on top of that is 0.25%, making the new rate 2% in total.3
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Yes, Santander esaver is more tempting.
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Marcus easy acces at 2% is nowhere near good enough for anyone except those to lazy to move elsewhere.
I wouldn't be surprised if there is another Marcus rate rise very, very soon.2 -
Its not really a rate to attract new deposits but they are still looked on positively - they get their own thread for a small rise for example - so it may be enough to keep existing savers from moving. There are still people mentioning they are only now moving from Chase.1
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Even 2% is a bit of a non-event now.1
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Great bank, but the rate is still too low.1
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Too little, too late. My balance is now £1.3
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I'm another one who emptied my Marcus account recently (except the obligatory £1) and moved it all over to Santander's Esaver 2.75% account.Cynergy have also matched Santander so a very poor response from Marcus.1
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My balance is £0.
Marcus only classifies an account as dormant if it hasn't been accessed for 15 years.3
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